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Nigeria Nickel Industry Outlook 2024 - 2028

See how Nigeria Nickel performed compared to key markets.

Key Market Indicators

Nigeria's nickel imports are projected to decline to approximately $925,000 by 2028, down from around $1.2 million in 2023. This represents a 4% annual decrease in compound annual growth rate (CAGR). Despite this anticipated downturn, Nigerian demand for nickel has shown significant growth over the years. Since 2001, the country's demand for the metal has increased by an average of 10.8% each year.

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Nigeria Nickel Market Data and Forecasts